Occupancy Rate

Occupancy Rate: A measure of how full accommodations (e.g. offices, hotel rooms, etc.) are at any given time. It is calculated by dividing the total number of occupied rooms or spaces by the total capacity of a building. Occupancy rates allow for better forecasting and provide insight into which areas should be optimized to improve efficiency. High occupancy rates demonstrate success in managing resources and attracting customers, as it indicates that people are willing to seek out and use accommodations.